Given the Following Data: Current Assets = 500; Current Liabilities

question 54

Multiple Choice

Given the following data: Current assets = 500; Current liabilities = 250; Inventory = 200; Account receivables = 200; calculate the cash ratio: (assume that the firm has no marketable securities)

• A) 0.4
• B) 2.0
• C) 1.5
• D) None of the above

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Definitions:

Profit Responsibility

The obligation and accountability of individuals or departments within an organization to achieve financial targets and contribute positively to the company's overall profitability.

The Toyota Way

A set of principles and behaviors that underlie the Toyota Motor Corporation's managerial approach and production system, emphasizing continuous improvement and respect for people.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental improvements over time or significant improvements all at once.